eligibility is reviewed each quarter, and that they expect additional enhancements to be available in the near future.
Encinitas, CA (PRWEB) April 26, 2006
BD Nationwide Mortgage Company, announced today that Irwin Home Equity(IHE) upgraded their mortgage broker status to "Preferred Broker." At this time, BD Nationwide is one of only three other second mortgage brokers in the country awarded this status. This reward program offers quality brokers lending benefits by adding a competitive edge for their 125% home equity loan products. IHE account executive, Dan Ambrose noted that "eligibility is reviewed each quarter, and that they expect additional enhancements to be available in the near future." Ambrose continued "this is an excellent opportunity for BD Nationwide to really expand its home equity marketshare."
Noteworthy Guidelines Expanded with Premier Broker Status.
- Expanded loan limits for all 125% second mortgages
- Expanded cash-out limits for all 125% loan products
An example of Preferred Broker program: A homeowner with a 640 fico credit score now has the ability to qualify for a $100,000 second mortgage 125%. Previously, a borrower with a 640 credit score was limited to a $35,000 loan at BD Nationwide. Linda Nelms, an experienced loan officer at BD Nationwide explained, "This is a victory for our client base who significantly benefit from larger loan amounts for consolidating debts." With mortgage rates on the rise, BD Nationwide hopes to capitalize on the increasing demand for 2nd mortgage loans. Nelms, continued, "When a borrower already has a 5.75% fixed rate for 30 years, the best solution is secondary financing, because the interest rates are so much higher today."
About BD Nationwide Mortgage Company:
BD Nationwide Mortgage is a California mortgage company whose corporate headquarters are located at 515 Encinitas Blvd ste 100, Encinitas CA 92024 California. BD Nationwide specializes in cost effective loan offers for homeowners seeking cash out refinancing. The company focus remains solidified with home equity loans and second mortgages. Always striving to reach their goals, BD Nationwide Mortgage is determined to help expand financing solutions so more Americans can realize their dreams of becoming a homeowner.
To learn more and get additional loan information, please visit: Second Mortgage & Home Equity Loans - BD Nationwide